China International Water & Electric Corp. (CWE in abbreviation ) is a state-owned large scale enterprise under the direct jurisdiction of the central government of the People's Republic of China, engaging in contracting overseas engineering projects, implementing overseas economic aid projects provide by Chinese government, providing manpower services and handling import and export trading etc. and is under the sectoral and professional guidance of the Ministry of Foreign Trade and Economic Cooperation and the Ministry of Water Resources of China. To date, with a registered capital of RMB 500 million Yuan and general assets worth about RMB 3.5billion Yuan, CWE has 16 wholly-owned subsidiary companies, 12 holding companies and 5 joint stock enterprises at home. And it also has 13 wholly-owned subsidiary companies and/or holding companies and 18 offices abroad. CWE's major business covers: -Provision of consultancy services, survey, design, contracting, operation and cwe for water control, electric power and other civil engineering projects at home and abroad; -Construction of overseas economic aid projects provide by Chinese government and export credit projects; -Handling of import and export of equipment, material and technology for domestic and foreign customers; -Provision of relevant manpower services; -Development of cooperative projects inside and outside China with foreign resources, funding and technology; -Investment in and construction of domestic medium and small size hydropower stations and thermal power plants; -Engaging in storage of goods and leasing of idle equipment and machinery. Now CWE is one of the shareholders of “ Huaneng Power International, Inc”, “Cathay Project Risk Management Co., Ltd.”, “China Everbright Bank” and “Jiangtai Insurance Broker Co. Ltd”. CWE has accumulated wealthy experiences in contracting overseas projects, provision of technical consultation and manpower services, economic and technical cooperation and management of import and export business. And at the same time, CWE has brought up a group of experienced professionals who have intimate knowledge and practice of modern business operation and management and good command of advanced engineering technologies. These advantages enable CWE to be fairly competitive and hold considerably extensive and steady international market shares. CWE has built up a good reputation in the countries where it has projects and in the World Bank, Asian Development Bank and other international monetary organizations.